Economy

NLTG HH Greece will fully subscribe to the capital increase, thereby acquiring an equity interest of approximately 9.5% in the listed company.

The average rent in Spain has doubled over the past decade, while the availability of rental apartments has steadily declined.

The deal is Masdar’s latest involvement in the southern European power space, following its €3.2 billion (US$3.4 billion) acquisition of Greek power company Terna Energy.

Anticipation for the real estate market is increasing, as interest rates are predicted to decline further.